Randall County Jail Records show Billy Ivy, Jr. is no longer in custody. 

Ivy pleaded guilty to federal gun charges last week and was originally remanded into federal custody until his sentencing in October. 

However, the judge on Friday released Ivy from federal custody based on the original conditions of his bond. 

Ivy was still being held in state custody on two arson charges related to the murder for hire case. 

He was scheduled to have a bond reduction tomorrow on those arson charges. 

For a complete timeline of events, click here.